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PDD Holdings Reports 11% Profit Drop Amid Revenue Growth

3/26/2026

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Summary

Story summary

PDD Holdings reported an 11% drop in net profit to 24.5 billion yuan, while revenue rose 12% to 123.9 billion yuan.
For the full year, net profit fell 12% to 99.3 billion yuan, while revenue rose 10% to 431.8 billion yuan.
The company cited weak demand and reinvestment, including a 100 billion yuan merchant support program.
Co-CEO Chen Lei of PDD Holdings emphasized commitment to high-quality development for future growth.

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Story summary

PDD Holdings reported an 11% drop in net profit to 24.5 billion yuan, while revenue rose 12% to 123.9 billion yuan.
For the full year, net profit fell 12% to 99.3 billion yuan, while revenue rose 10% to 431.8 billion yuan.
The company cited weak demand and reinvestment, including a 100 billion yuan merchant support program.
Co-CEO Chen Lei of PDD Holdings emphasized commitment to high-quality development for future growth.